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Galantas Gold Corporation (GAL.V)

TSXV - TSXV Real Time Price. Currency in CAD
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  • GlobeNewswire

    Galantas Inks Commercial Blasting Arrangements

    TORONTO, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (the “Company” or “Galantas”), the Northern Ireland gold producer and explorer, with a 100% interest in Northern Ireland’s Omagh gold mine, is pleased to announce that a formal agreement regarding blasting has been reached between the Company’s operating subsidiary and the Police Service of Northern Ireland (PSNI). The PSNI have responsibilities regarding the supervision of the use of blasting materials in Northern Ireland. The agreement provides the potential for a materially improved economic arrangement for an expansion of underground blasting, required for full production, to take place at the Omagh Mine. The agreement has followed a comprehensive review by the PSNI and regulators. Roland Phelps, (President & CEO, Galantas Gold Corporation), said, “The agreement is the result of detailed cooperation between Galantas & PSNI and I am pleased that the new arrangements, in which the Company has heavily invested, have been formalized in this way. The previous arrangements, under which the Company made around two kilometres of underground development, constrained the Company’s ability to expand underground production. The new arrangements are designed to permit underground blasting to be expanded to achieve commercial production levels. The Company is actively working with third parties on the financing arrangements required to recommence and expand blasting underground.” Underground maintenance activities continue, as does the processing of low grade stockpile material. Health and Safety is a priority, with zero lost-time incidents since underground mining began. Routine environmental monitoring of the Company’s operations continue to demonstrate compliance with regulatory consents. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain. EnquiriesGalantas Gold CorporationRoland Phelps C.Eng – President & CEOEmail: info@galantas.com Website: www.galantas.com Telephone: +44 (0) 2882 241100 Grant Thornton UK LLP (Nomad) Philip Secrett, Harrison Clarke, George Grainger: Telephone: +44(0)20 7383 5100 Panmure Gordon & Co (AIM Broker & Corporate Adviser)Nick Lovering, Hugh Rich:Telephone: +44(0)20 7659 1234

  • GlobeNewswire

    Galantas Announces Conversion of Convertible Debenture

    TORONTO, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (the “Company”), the Northern Ireland gold producer and explorer, with a 100% interest in Northern Ireland’s Omagh gold mine, is pleased to announce that a convertible debenture, as detailed in releases dated December 16 and 23, 2019 (the “Debenture”) and approved by the TSX Venture Exchange, has been converted into common shares of the Company, by the holder, Melquart Limited. The debenture carried a 15% coupon and was exercisable at a 25% discount to the market price. The capital and interest accruing on the Debenture totals GBP£1,150,000 (CAN$ 1,968,386).As governed by the Debenture, 11,410,933 common shares of no par value (“Common Shares”) have been issued at a price of CAN$0.1725.Following the issuance, Melquart Limited will hold 20,673,528 common shares, representing 45.1% of the issued share capital of the Company and the Debenture is satisfied in full.The Company has applied for admission of the Common Shares in connection with the Debenture to trading on the AIM market of the London Stock Exchange ("Admission") with Admission expected to occur on or around December 30, 2020.The total number of Common Shares of the Company following issuance is 46,565,537.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.Enquiries Galantas Gold Corporation Roland Phelps C.Eng – President & CEO Email: info@galantas.com Website: www.galantas.com Telephone: +44 (0) 2882 241100Grant Thornton UK LLP (Nomad)                Philip Secrett, Harrison Clarke:                                                     Telephone: +44(0)20 7383 5100                      Panmure Gordon & Co (AIM Broker & Corporate Adviser) Nick Lovering, Hugh Rich: Telephone: +44(0)20 7659 1234

  • How Is Galantas Gold's (CVE:GAL) CEO Compensated?
    Simply Wall St.

    How Is Galantas Gold's (CVE:GAL) CEO Compensated?

    Roland Phelps has been the CEO of Galantas Gold Corporation (CVE:GAL) since 2003, and this article will examine the...